OPERATIONAL RISK

Course

Online

₹ 10,000 + VAT

Description

  • Type

    Course

  • Methodology

    Online

Operational risk modeling helps in measuring, monitoring and mitigating the risk of direct or indirect loss caused from inadequate or failed internal processes or from external events.

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Reviews

Subjects

  • Risk
  • Operational Risk

Course programme

  • Introduction to operational risk modeling
  • Basic concepts related to probability distributions
  • Modeling number of losses using Excel: Frequency distributions
  • Modeling size of losses using Excel: Severity distributions
  • Fitting distributions to data: Parameter estimation
  • Examining goodness of fit
  • Aggregate loss modeling
  • Aggregating VaR estimates across Business Lines and Event types
  • Precautions while using EVT/GPD to avoid overestimation of capital reqt
  • How confident are you about parameter estimates?
  • Using External data in OpVaR
  • Combining capital estimates based on internal data, external data and scenario analysis
  • Operational risk modeling software
  • Introduction to R: an open-source operational risk modeling software

OPERATIONAL RISK

₹ 10,000 + VAT